Press release
Circular Plastics Market is Projected to Reach USD 198 Billion by 2035, Driven by Recycling Innovation
Circular Plastics Market
Market growth is being fueled by rising adoption across various plastic types, including Polyethylene (PE), High‐Density Polyethylene (HDPE), Low‐Density Polyethylene (LDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), and Polyvinyl Chloride (PVC), among others. PET and PE are expected to be leading contributors, supported by their recyclability and wide applicability across consumer and industrial sectors.
Segmentation by recycling method reveals that mechanical and chemical recycling techniques are at the forefront of innovation, offering scalable solutions for the reuse of plastics. Energy recovery and biological recycling methods are also being increasingly explored to enhance circularity.
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Key Takeaways from Market Study:
The global circular plastics market is projected to grow from US$ 73 billion in 2024 to US$ 198 billion by 2035.
The market is forecasted to expand at a CAGR of 9.5% from 2025 to 2035.
The polyethylene (PE) segment is expected to grow at a CAGR of 9.8%
The PET segment is anticipated to register a CAGR of 10.5%.
Japan's circular plastics market is forecasted to expand at a CAGR of 9.8%.
Germany is projected to record a CAGR of 10.1% in the forecast period.
The market was valued at US$ 80 billion in 2025 with a historical CAGR of 9.0% from 2020 to 2024.
Leading Players Driving Innovation in the Circular Plastics Market:
Prominent players in the market are Veolia Environnement S.A., SUEZ Group, Borealis AG, Indorama Ventures Public Company Limited, among others.
Circular Plastics Market News:
Veolia's PlastiLoop platform debuted programs in June 2025 on World Environment Day to transform difficult-to-recycle plastic waste into high-grade recycled resins. This consists of a pilot chemical recycling in Europe and collaborations with packaging companies to include PlastiLoop resin in consumer goods, with the goal to steer billions of tonnes of ocean-bound and post-industrial plastics into closed-loop value chains.
In May 2024, Loop Industries and Ester Industries entered into a 50:50 joint venture to construct India's first Infinite LoopTM manufacturing plant. The USD 165 billion plant, based on Loop's patented technology, would have produced 73,000 tpa of recycled dimethyl terephthalate (rDMT) and 23,000 tpa of recycled mono-ethylene glycol (rMEG) by early 2027 and address India's underserved USD 28 billion PET feedstocks market.
Browse Full Report: https://www.factmr.com/report/circular-plastics-market
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global circular plastics market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.
The circular plastics market is segmented based on plastic type, recycling method, source of recycled plastic, application, and region. By plastic type, the market includes Polyethylene (PE), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), and others.
In terms of recycling method, the market is categorized into mechanical recycling, chemical recycling, energy recovery, and biological recycling. Based on the source of recycled plastic, the segments include Post-Consumer Recycled (PCR) Plastics, Post-Industrial Recycled (PIR) Plastics, Ocean-Bound & Marine Plastic Waste, and Commercial Collection Systems.
The key applications of circular plastics are found in packaging, textiles, automotive, building & construction, consumer goods, agriculture, and industrial components. Regionally, the market is divided into North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa.
Check out More Related Studies Published by Fact.MR Research:
Circular Polymers Market - https://www.factmr.com/report/circular-polymers-market
Circular Polyolefins Market - https://www.factmr.com/report/circular-polyolefins-market
Plastic Waste Management Market - https://www.factmr.com/report/plastic-waste-management-market
Recycled Plastic Resins Market - https://www.factmr.com/report/recycled-plastic-resins-market
Construction Plastics Market - https://www.factmr.com/report/construction-plastics-market
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